ⓘ Featured image: A file-photo of TurtleTree Labs founders Fengru Lin (L) & Max Rye, with Prince Khaled bin Alwaleed (R)
Singapore and San Francisco-based TurtleTree Labs, a biotech startup has recently announced that it has raised $6.2 million in its Pre-Series A funding round Prince Khaled’s KBW Ventures, Green Monday Ventures, Eat Beyond Global, Verso Capital and other investors.
This is notably the third investment of KBW Ventures in TurtleTree Labs. Back in June, TurtleTree Labs raised $3.2 million in a seed funding round from Green Monday Ventures, KBW Ventures, CPT Capital, Artesian, and New Luna Ventures. And in January, KBW joined the very first funding round for the company.
As a part of the development, Prince Khaled will join TurtleTree labs as an advisor. Being a prominent global investor in the alternative protein sector, Prince Khaled will shape new market growth plans, lend his expertise in the alternative protein and food tech spheres, and liaise closely with the founding team on other areas of the business.
Founded by Fengru Lin (CEO), Rabail Toor (CSO), and Max Rye (CTO), TurtleTree Labs is the world’s first cell-based milk company using technology to create real milk from animal cells, with no animal needed.
The company will use the funds to accelerate research and production of functional, bioactive proteins and complex sugars found in human milk. These high-value components have potential benefits in gut and brain health, which can be applied to both infant and senior nutrition.
Speaking of the development, Fengru Lin, CEO of TurtleTree Labs commented,
“TurtleTree Labs’ groundbreaking technology, which allowed our company to win The Liveability Challenge and Entrepreneurship World Cup, has certainly attracted interest from a global and diverse panel of investors and customers.”
Ana Maria Torres, Director for the Entrepreneurship World Cup added,
“TurtleTree Labs represents the spirit and impact of the Entrepreneurship World Cup where they emerged from a pool of 175,000 registrants from 200 countries. This investment and the continued support it will receive from a global network of ecosystem leaders provides them with an opportunity to scale in a rapidly-changing industry while addressing an extensive global need.”